john locke

What would a gold-backed currency do to America?

By / 47 Comments / 24 June 2015

Summary:  The history of gold-based currencies, from Newton to the Great Depression, warns us that they are no panacea. If not carefully structured they can destroy an economy in extremis by preventing radical monetary easing.  This is part two of two looking at gold-based monetary systems, the theory and the history. See part one here. …

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Is the US government illegitimate? If so, does that justify violent revolution?

By / 7 Comments / 28 March 2015

Summary:  US constitutional law discusses illegitimate government motives, purposes, and actions.  But political extremists have long labeled our political regime itself as illegitimate.  Now such views move into the mainstream.  It’s poison, preventing rational discussion and compromise — much as the discussion about slavery turned toxic in the decade before 1860.  This post looks at an …

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